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five was the budget deficit. so no one's minimizing the importance of the deficit but there really is not a program that deals with the other four and they are using extreme measures and cutting up various entitlements and americans that want to deal with the deficit. >> i think what happened in 2010 and democrats in a way allowed this to happen is that the republicans succeeded in making the deficit a central issue and a stand in for people's economic worries across the board. >> right. >> i think now it's much clearer to people that these two things are related but they are quite separate and there are moments when balancing the budget or cutting spending on things like schools and public safety can actually make unemployment worse. i think something else important has happened, which is the health care law was very unpopular on election day back then. the health care law is gaining ground. and they were demobilized, the democrats last time. they are not demobilized this time. >> they were strutting around, the
five was the budget deficit. so no one's minimizing the importance of the deficit but there really is not a program that deals with the other four and they are using extreme measures and cutting up various entitlements and americans that want to deal with the deficit. >> i think what happened in 2010 and democrats in a way allowed this to happen is that the republicans succeeded in making the deficit a central issue and a stand in for people's economic worries across the board. >>...
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the deficit is over 16%. that's the types of things i would start doing and on their brass tax facts that they can be using and we're making it vague and all of the things that we have in common as republicans with president obama but we do not. >> well, i mean -- look, debates are not just about landing punches. real people look at debates and say, what kind of a person are you? what kind of leader are you? what kind of person are you? if he doesn't communicate what kind of he person he is, no one is going to vote for him. >> meghan, she's like a straight shooter. >> i'm at my breaking point with this. and i like governor romney. >> we don't have to agree on everything but at least you're candid. meghan mccain and richard wolffe, thank you for your time tonight. as i've said before, this election is not about obama. it's about your mama. new polls show that the public thinks the big issue at stake on this election day, including medicare, social security, and our safety net. but, first, the right double stan
the deficit is over 16%. that's the types of things i would start doing and on their brass tax facts that they can be using and we're making it vague and all of the things that we have in common as republicans with president obama but we do not. >> well, i mean -- look, debates are not just about landing punches. real people look at debates and say, what kind of a person are you? what kind of leader are you? what kind of person are you? if he doesn't communicate what kind of he person he...
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Oct 3, 2012
10/12
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he's not going to have to overcome 8, 9 point deficits to try to get into it. he needs to go out there and communicate in a clear way where he wants to lead the country. what is the alternative vision that he has vis-a-vis the president and he's been unable to communicate that over the entirety of the election. tonight is one of his last chances to start doing it. >> let me give you another scenario and that is that the president has a good night tonight. he gets it up to 51, as you say, and the other guy is going down and very few opportunities left. that would be a bad night for mr. romney. thank you, howard fineman, and steve schmidt. >>> coming up, how will we know who wins tonight's debate? it's not like there is an official scorecard but experts will look at everything. we'll give you an idea of how to look at this thing realtime. >>> and also caught on tape, yesterday "the huffington post" reported paul ryan saying 30% of americans wanted a welfare state and jumped on joe biden as well saying that the middle class has been buried. the running mates are c
he's not going to have to overcome 8, 9 point deficits to try to get into it. he needs to go out there and communicate in a clear way where he wants to lead the country. what is the alternative vision that he has vis-a-vis the president and he's been unable to communicate that over the entirety of the election. tonight is one of his last chances to start doing it. >> let me give you another scenario and that is that the president has a good night tonight. he gets it up to 51, as you say,...
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Sep 30, 2012
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why hasn't this become at least thbeginning of a serious discussion about reducing the federal deficit? >> it was the starting point and there were a lot of good ideas in that particular commission. what we really stuck with -- ultimately, you have to put the whole thing into a budget to make it work. you have to balance those different elements and saywhat is a reasonable approach? it is all but what -- like what if -- it is a little bit what like families have to do. the budget has been set up for a vote and the budget has passed. was the budget i would have written? no, it was not quite as conservative. it was still a reasonable approach that puts us back on track to recovery. those budgets, of course, go where? to the senate. what happens when we send bills to the senate? they die. the budget saw in the senate and died. -- sat in the senate and died. that is the reason i am running for the senate. the senate cannot get anything done. it is the fed's rule of law that we are supposed to have a budget every year. i do not think the debt ceiling increase and another 10%, the sequestrat
why hasn't this become at least thbeginning of a serious discussion about reducing the federal deficit? >> it was the starting point and there were a lot of good ideas in that particular commission. what we really stuck with -- ultimately, you have to put the whole thing into a budget to make it work. you have to balance those different elements and saywhat is a reasonable approach? it is all but what -- like what if -- it is a little bit what like families have to do. the budget has been...
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joe biden campaigned in florida where he argued the obama administration inherited a trillion dollar deficit from the bush administration >>> that the two wars on a credit card without paying a penny >>> president obama and mitt romney tucker downed cramming for next week's debate showdown both sides work hard to lower expectations by praising their opponent. romney says the president has the advantage is one of the talented political communicators in modern history obama says romney has the edge to betting about two dozen times during the republican primary >>> in the both have ample experience debating but gov. romney has more practice recently >>> she runs the annenberg center at university of pennsylvania >>> in the challenger has the opportunity to challenge she is competent to stand his own against the president a challenger who accomplishes that wins the first debate >>> jamison says hope candidates called for a big moment that candidates remember like john mccain said bonn from a plumber that question president obama >>> john mccain alluded to joe the plumber and that barack obama wo
joe biden campaigned in florida where he argued the obama administration inherited a trillion dollar deficit from the bush administration >>> that the two wars on a credit card without paying a penny >>> president obama and mitt romney tucker downed cramming for next week's debate showdown both sides work hard to lower expectations by praising their opponent. romney says the president has the advantage is one of the talented political communicators in modern history obama says...
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the deficit number? >> probably the deficit. i think if you are the president's campaign you're less worried about romney's numbers right now. on the one hand the 40% right direction is the highest it has been in 3 1/2 years and any incumbent heading in that is momentum. 53% say the country is headed in the wrong track. i think this for the president is not about mitt romney. those advantages, chuck, on china, foreign policy and the deficit aren't as strong as for usual republicans. and the final point i would make is i think the important thing for this election is that braump has a 52 positive, 42 negative image. mitt romney has a negative image. only two have had a net negative image at this point and one of them loss, george h.w. bush and romney needs to improve that dynamic. >> democratic pollster. thank you very much to both of you. we have to get back in the field. let's keep poling. just two days away from friday's jobs report. we will get a quick preview on wall street on the market run down. and then we are taking a tr
the deficit number? >> probably the deficit. i think if you are the president's campaign you're less worried about romney's numbers right now. on the one hand the 40% right direction is the highest it has been in 3 1/2 years and any incumbent heading in that is momentum. 53% say the country is headed in the wrong track. i think this for the president is not about mitt romney. those advantages, chuck, on china, foreign policy and the deficit aren't as strong as for usual republicans. and...
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it all adds to the deficit. they have got to go out there this is all on the surface of tax cuts for the super wealthy. where i come from, we have one of the highest per-capita incomes in the nation. what i found out is wealthy people are just as patriotic as poor folks. they are just as decent and just as good. they are not asking for these tax cuts. that me give you an example. by extending the bush tax cuts for the wealthy, $500 billion goes to 120,000 families. $500 billion. a half a trillion dollars. how can that the right? -- how can that be right? the average income of those folks is $8.4 million the year. -- per year. they do not need a tax cut. that what? -- guess what? middle-class families need a a hand up. they need a bit of help. [cheers and applause] a voted against extending the middle class tax cuts permanently. the voted against it. why? because they were holding it hostage to make sure they could continue the tax cuts i just mentioned. it almost sounds unbelievable. on top of the, how romney ha
it all adds to the deficit. they have got to go out there this is all on the surface of tax cuts for the super wealthy. where i come from, we have one of the highest per-capita incomes in the nation. what i found out is wealthy people are just as patriotic as poor folks. they are just as decent and just as good. they are not asking for these tax cuts. that me give you an example. by extending the bush tax cuts for the wealthy, $500 billion goes to 120,000 families. $500 billion. a half a...
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. >> there will be no tax cut that adds to the deficit. i'll underline that, no tax cut that adds to the deficit. >> really? okay. what kind of mileage does it get? >> number one, pre-existing conditions are covered under my plan. >> huh? okay. do the brakes work? >> i'm sorry, jim, i'm going to stop this subsidy to pbs. i'm going to stop other things. i like pbs. i love big bird. >> let's not. let's let him respond. >> i get the last word. let me make this comment. >> nope. come on, mr. president, give us a peek under the hood. >> five week before the election he's saying that his big, bold idea is never mind. is the reason that governor romney is keeping all these plans to replace secret because they're too good? is it because that somehow middle class a families are going to benefit too much? ♪ i guess you're just what i needed ♪ >>> we begin with the president criticized as being less than effective last night by hyperventilating pundits across the board, but now getting his own chance to put a spin on the first presidential debate
. >> there will be no tax cut that adds to the deficit. i'll underline that, no tax cut that adds to the deficit. >> really? okay. what kind of mileage does it get? >> number one, pre-existing conditions are covered under my plan. >> huh? okay. do the brakes work? >> i'm sorry, jim, i'm going to stop this subsidy to pbs. i'm going to stop other things. i like pbs. i love big bird. >> let's not. let's let him respond. >> i get the last word. let me make...
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[cheers and applause] we have already reduced the deficit. in four years, we will reduce it by another $1 trillion. there is an easy way to do this. we have to make some difficult decisions. we have to ask the very wealthy to pay more. ladies and gentlemen, we are going to end the war in afghanistan as we did in iraq. [cheers and applause] and in the process, over the next decade, save over $800 million. we're going to come home with that money and put half of it down to reduce the debt and half of it to rebuild america! [cheers and applause] roads, bridges, schools. that will support millions over time. initially, tens of thousands of new, good paying, decent jobs that you can raise a family on. folks, one more thing. in this country, we only have one truly sacred obligation. we have a lot of obligations to the elderly, to the young. we only have one truly sacred obligation. that is to equip and support those whom we sent to war and care for them when they come home from war. [cheers and applause] how many of you either have personally serve
[cheers and applause] we have already reduced the deficit. in four years, we will reduce it by another $1 trillion. there is an easy way to do this. we have to make some difficult decisions. we have to ask the very wealthy to pay more. ladies and gentlemen, we are going to end the war in afghanistan as we did in iraq. [cheers and applause] and in the process, over the next decade, save over $800 million. we're going to come home with that money and put half of it down to reduce the debt and...
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he blamed republicans and the bush should ministration for the deficit. >> by the times be rains were turned over to barack and me, they had doubled the national debt in eight years. >> today, paul ryan campaigned in new hampshire. the granite state has four electoral votes. but that could make a difference in the race that could come down to a handful of states. >> thank you for sending mitt romney to the white house and barack obama back to chicago. >> the campaign is shifting to a different stage this week with wednesday night's showdown between president obama ann romney. >> if you have taken a look at the history of debates, it is not about policies. is not about facts. it has changed because someone did badly or did well. >> both candidates are in intense prep sections. romney may have the most on the line. his campaign is looking at this as a chance for a game changer. >> one more note from the campaign trail. and a four paul ryan has confirmed -- and aide for paul ryan has confirmed you will spend three days preparing for his debate with vice president joe biden. and new infor
he blamed republicans and the bush should ministration for the deficit. >> by the times be rains were turned over to barack and me, they had doubled the national debt in eight years. >> today, paul ryan campaigned in new hampshire. the granite state has four electoral votes. but that could make a difference in the race that could come down to a handful of states. >> thank you for sending mitt romney to the white house and barack obama back to chicago. >> the campaign is...
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no taxes to deal with the deficit. is that the right thing? >> keep in mind, he made it very clear that unlike this president, who i have to like as a person. i know him well. unlike president obama, he wants to work with congress. he knows he's not going to get anything done if he doesn't work with congress. >> but he drew a line there. is that a fuzzy line? >> i'm with it on the line. one thing that has to be made very clear is the wealthy will be paying just as much as they're paying now. >> but they shouldn't pay more. >> i thought one of the best lines is that basically we're tired of trickle down government. and he turned the tables on the president. we have the president who believes it will government is the last answer to everything. do you think that is going to be a political liability in the state of florida? >> well, keep in mind, he brought up pretty forcefully that the president cut medicare. he also said that look, we are going to keep medicare exactly as it is for those 55 years or older. but we have to do something to help th
no taxes to deal with the deficit. is that the right thing? >> keep in mind, he made it very clear that unlike this president, who i have to like as a person. i know him well. unlike president obama, he wants to work with congress. he knows he's not going to get anything done if he doesn't work with congress. >> but he drew a line there. is that a fuzzy line? >> i'm with it on the line. one thing that has to be made very clear is the wealthy will be paying just as much as...
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so the next subject, the deficit. mitt romney claims even with this tax cut, he will not add to the deficit. >> my number one principle is there will be no tax cut that adds to the deficit. i won't put in place a tax cut that adds to the deficit. that's part one. so there's no economist can say, mitt romney's tax plan adds $5 trillion, if i say inwi will no add to the deficit with my tax plan. my plan is not to put in place any tax cut that will add to the deficit. >> but all we have is his word. mitt romney has not laid out any specifics for how he would pay for these tax cuts. he would reduce some deductions and close loopholes, but hasn't said which ones or how many. so the verdict on mitt romney, incomplete. there were some other issues there. we want to further break down the issue of health care. our senior medical correspondent, elizabeth cohen, joins us from atlanta. elizabeth, governor romney said he didn't raise taxes in massachusetts to pay for romney care. let's listen. >> what were some differences? we di
so the next subject, the deficit. mitt romney claims even with this tax cut, he will not add to the deficit. >> my number one principle is there will be no tax cut that adds to the deficit. i won't put in place a tax cut that adds to the deficit. that's part one. so there's no economist can say, mitt romney's tax plan adds $5 trillion, if i say inwi will no add to the deficit with my tax plan. my plan is not to put in place any tax cut that will add to the deficit. >> but all we...
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including paul ryan tight-lipped on the specifics of the romney plan to cut taxes but not blow up the deficit. >>> and no animals were harmed in the making of this video. skater dude meet deer. that clip later in the show. first to the news live at 5:30 a.m. at 30 rock in new york city. >>> we begin with stories from overseas where foreign policy is coming out as the central topic in the election with much of the recent focus on the attack on bengahzi, libya. romney advisers are split on how broadly they should hit the president over his handling of the attack and why it took so long to acknowledge it was an act of terrorism. some romney advisers to keep the focus on the economy, some are saying romney should have a major foreign policy speech days after the debate. over the weekend, the white house was on the defensive after the friday's announcement that the deadly assault on the u.s. consulate in bengahzi was deliberate and organized. peter king of new york called on susan rice to resign as u.s. ambassador to the united nations after she initially claimed the attack on the consulate was pa
including paul ryan tight-lipped on the specifics of the romney plan to cut taxes but not blow up the deficit. >>> and no animals were harmed in the making of this video. skater dude meet deer. that clip later in the show. first to the news live at 5:30 a.m. at 30 rock in new york city. >>> we begin with stories from overseas where foreign policy is coming out as the central topic in the election with much of the recent focus on the attack on bengahzi, libya. romney advisers...
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that's the big driver of our deficits right now. my grandmother, some of you know, helped to raise me, and my grandparent did. my grandfather died a while back. my grandmother died three days before i was elected president. she was fiercely independent. only with a high school education, started as a secretary and ended up being vice president of a local bank. she ended up living alone by choice, and the reason she could be independent was because of social security and medicare. she had worked all her life, put in this money, and understood that there was a basic guarantee under which she could not go. that's the perspective i bring when i talk about what's called entitlements. the name implies some sort of dependency on the part of folk. these are folks that have worked hard, like my grandmother and millions are counting on this. my approach is to say how do we strengthen the system over the long term? in medicare, what we did, we said we are going to have to bring down the costs if we are going to deal with long-term deficits. to
that's the big driver of our deficits right now. my grandmother, some of you know, helped to raise me, and my grandparent did. my grandfather died a while back. my grandmother died three days before i was elected president. she was fiercely independent. only with a high school education, started as a secretary and ended up being vice president of a local bank. she ended up living alone by choice, and the reason she could be independent was because of social security and medicare. she had worked...
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registered another 12 months of deficits. the federal deficit for the year will wind up being about $1.5 trillion. that runs up america's borrowing or the national debt to more than $16.5 trillion. >>> still ahead a trail bladeser in the president debate history. carol simpson on gender equality for debate monitoring. you're watching weekends with alex witt. complete multivitamin designed for women's health concerns as we age. it has more of 7 antioxidants to support cell health. one a day 50+. share everything by turning your smartphone into a mobile hotspot for up to 8 wifi-enabled devices at no extra charge. like the new droid razr m by motorola only $99.99. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. >> let's talk about why does paul lieian's attitude toward debate prep suggest. how does it contrast with joe biden's? >> he's
registered another 12 months of deficits. the federal deficit for the year will wind up being about $1.5 trillion. that runs up america's borrowing or the national debt to more than $16.5 trillion. >>> still ahead a trail bladeser in the president debate history. carol simpson on gender equality for debate monitoring. you're watching weekends with alex witt. complete multivitamin designed for women's health concerns as we age. it has more of 7 antioxidants to support cell health. one a...
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i won't put in place a tax cut that adds to the deficit. that's part one. so there's no economist can say, mitt romney's tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. my plan is not to put in place any tax cut that will add to the deficit. >> the problem is, all we have here is his word, because mitt romney has not really laid out any specifics for how he would pay for his tax cut. all he says is closing loopholes or reducing deductions, but the verdict is incomplete. and there was one subject we thought may have been a missed opportunity for barack obama. medicare, a big topic of discussion for some time. mitt romney made the claim like he has repeatedly that president obama is looking to make cuts that affect people in the program today. >> what asupport is no change for current retirees and near retirees to medicare and the president supports taking $716 billion out of that program. >> and mitt romney also said, flat-out, that president obama wants to cut $716 billion from medicare. this one's been checked and checked
i won't put in place a tax cut that adds to the deficit. that's part one. so there's no economist can say, mitt romney's tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. my plan is not to put in place any tax cut that will add to the deficit. >> the problem is, all we have here is his word, because mitt romney has not really laid out any specifics for how he would pay for his tax cut. all he says is closing loopholes or reducing deductions, but the...
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it's not a deficit reduction issue. and simpson bowles was. >> i disagree, my friend. if you get more of those people saying, i'm not going to have to pay a lot. and 8 out of 10 americans are for all americans putting some skin in the game. so, don't think you've got to-- >> and we're probably as well, but you don't have to get on your liberal high horse about that, but i'm saying the fact of the matter is it's out of control, that's all i'm saying, out of control. we're going to take a break and when we come back, it used to be that. >> i love that idea of watching someone become an activist, so many of the issues that are important to me, like want to get to my knees and thank them. >> anyway, even the star of the latest fox movie "won't back down", well, we'll be covering the upcoming presidential debates, and the president and vice-president, and this wednesday, colorado, hollywood stars are all over it and why not i'm covering it. continues on fox business network, and each night, 8 p.m. eastern time right through midnight, so. get fired up. >> you go crazy with y
it's not a deficit reduction issue. and simpson bowles was. >> i disagree, my friend. if you get more of those people saying, i'm not going to have to pay a lot. and 8 out of 10 americans are for all americans putting some skin in the game. so, don't think you've got to-- >> and we're probably as well, but you don't have to get on your liberal high horse about that, but i'm saying the fact of the matter is it's out of control, that's all i'm saying, out of control. we're going to...
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lawmakers must also lay the groundwork on a basic plan to reduce the federal deficit. the group will begin work on the plan following november's election and have until january to agree on a deal. senators could face some road blocks along the way. senate democrats say they do not agree with extending bush-era tax cuts, while republicans oppose raising tax rates. a shocking stat is out about millionaires getting paid unemployment. according to the congressional research service, nearly 2400 millionaires were paid unemployment in 2009. add to that another 954,000 households earning more than $100,000 also taking home unemployment benefits. the numbers include people who were hired for higher-paying jobs after receiving the government money. in 2011, the senate voted unanimously to end unemployment payments to jobless millionaires. however, it was attached to another bill which is yet to pass in the senate. a bailout for spain is "not imminent." that's according to the country's prime minister, who told reporters yesterday that plans to request a bailout are not set in s
lawmakers must also lay the groundwork on a basic plan to reduce the federal deficit. the group will begin work on the plan following november's election and have until january to agree on a deal. senators could face some road blocks along the way. senate democrats say they do not agree with extending bush-era tax cuts, while republicans oppose raising tax rates. a shocking stat is out about millionaires getting paid unemployment. according to the congressional research service, nearly 2400...
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the thing with the car thing, we all have to pay a higher gas tax and help the deficit, and have the cars making 80 miles per hour and we're the ones driving far. >> you say you want to wave the flag for patriotism, you say there's something to it? >> yeah, sure, first of all, you've got to give the guy a nod. here is a guy that the right wing loons have been calling manchurian candidate from kenya the last four years and kind of amusing to watch him waving old glory in their faces, but i will share some, something-- >> yeah, how amusing is it to see our debt go higher? >> oh, well, i'm not sure that either of these candidates has taken anything terribly serious about the debt. i mean, at least obama is talking about raising taxes and revenue and i don't think we know what romney's plan is, he won't share any details with us. i'll tell you what though, you say everything is about cutting spending. you know, gary, europe has been cutting spending like crazy and look where europe's headed. their talk, a lot of evidence that they're in recession now, because they've been way overaggress
the thing with the car thing, we all have to pay a higher gas tax and help the deficit, and have the cars making 80 miles per hour and we're the ones driving far. >> you say you want to wave the flag for patriotism, you say there's something to it? >> yeah, sure, first of all, you've got to give the guy a nod. here is a guy that the right wing loons have been calling manchurian candidate from kenya the last four years and kind of amusing to watch him waving old glory in their faces,...
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the federal subsidy for pbs in 2012 doesn't make up a huge part of this deficit. for example, 2012, the federal subsidy for pbs was $444 million. if you compare that to romney's plan for the federal budget, you'll see how miniscule it is. pbs subsidy, $444 million. but if you look at the tax breaks to oil and gas companies that romney defended last night, those add up to $4 billion this year alone. and take a look at mitt romney's plan for the defense budget. he wants to increase spending by $2 trillion over the next ten years. so, i mean, big bird is a big diversion to what he's really talking about in terms of the deficit. >> well, i think those of us out here crave specifics from governor romney. and when he's talked about this in the past, he's often thrown big bird under the bus. i don't know what would happen if he threw big bird under the bass. maybe the bus would go off the road. but never the let's, he has this little set piece he does. do you want to know what i'll cut? i'll cut pbs and big bird, the national endowment of humanities and the amtrak subsid
the federal subsidy for pbs in 2012 doesn't make up a huge part of this deficit. for example, 2012, the federal subsidy for pbs was $444 million. if you compare that to romney's plan for the federal budget, you'll see how miniscule it is. pbs subsidy, $444 million. but if you look at the tax breaks to oil and gas companies that romney defended last night, those add up to $4 billion this year alone. and take a look at mitt romney's plan for the defense budget. he wants to increase spending by $2...
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is going to bring the deficit down. of course he did not. he doubled it. he said we would get more people working. his plan is another stimulus. how did that first one to go? how about a hundred billion dollars? how much of that did you get? clunkers. he has won a new idea. one thing he did not do. he said he will do in the next four years. he said he will raise taxes. for anyone -- does anyone think raising taxes will help the economy? >> an el. >> the status quo has not worked. we cannot afford four more years of barack obama. his plan and his approach says, fundamentally, the government knows better than you, how to live your life, how to pick winners and losers. how to pick products that have a future. that a group of bureaucrats, of a real smart people working hard, good people at work in washington, but he has the few that somehow know better. so he is going to put them in the most important or one of the most important relationships that you have, the one between you and your doctor. he is going to put government between their if he has his way. he
is going to bring the deficit down. of course he did not. he doubled it. he said we would get more people working. his plan is another stimulus. how did that first one to go? how about a hundred billion dollars? how much of that did you get? clunkers. he has won a new idea. one thing he did not do. he said he will do in the next four years. he said he will raise taxes. for anyone -- does anyone think raising taxes will help the economy? >> an el. >> the status quo has not worked. we...
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the deficit was front and center. react to this. >> the president said he would cut the deficit in half. unfortunately, he doubled it. $1 trillion deficits for the last fur -- four years. the president put almost as much debt held by the public as all prior presidents combined. >>neil: what he was saying, whatever you inherited you did that and then some. did that register? >>guest: again, it is like delivering a spanking in the boardroom, point one, point two, point three, you said this was the budget. you didn't do it. you said this is the revenue, you didn't do it. the promised the people this, you didn't do it. i can. it made a compelling point not just to people that are loyal to mitt romney but also people that are undecided. i believe, also, the conviction, you could see it, that president obama literally started submitting through the debit to the points. >>neil: it is interesting. very interesting dissertation to wrap your arms around what was an economic tutoring. very weird. forget about getting the undecid
the deficit was front and center. react to this. >> the president said he would cut the deficit in half. unfortunately, he doubled it. $1 trillion deficits for the last fur -- four years. the president put almost as much debt held by the public as all prior presidents combined. >>neil: what he was saying, whatever you inherited you did that and then some. did that register? >>guest: again, it is like delivering a spanking in the boardroom, point one, point two, point three,...
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no tax cut that adds to the deficit. i want to reduce the burden being paid by middle income americans. to do that, that also means i cannot reduce the burden paid by high-income americans. any language to the contrary is not accurate. >> let's talk about taxes, because i think it is instructive. four years ago when i stood on this stage i said i would cut taxes for middle class families. that's exactly what i did. we cut taxes for middle class families by about $33,600. -- by about $3,600. the reason is, i believe we do best when the middle class does well. and by giving them those tax ts, they have a little more money in their pocket so maybe they can buy a new car. they are certainly in a better position to weather the extraordinary recession we went through. they can buy a computer for their kid who is going off to college. it means they are spending more money, businesses have more profits and then hire more workers. now governor romney's proposal that he's been promoting for 18 months calls for a $5 trillion tax cu
no tax cut that adds to the deficit. i want to reduce the burden being paid by middle income americans. to do that, that also means i cannot reduce the burden paid by high-income americans. any language to the contrary is not accurate. >> let's talk about taxes, because i think it is instructive. four years ago when i stood on this stage i said i would cut taxes for middle class families. that's exactly what i did. we cut taxes for middle class families by about $33,600. -- by about...
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mitt romney, doesn't have a deficit reduction plan. he wants to spend $2 trillion more in defense, $5 trillion more in a tax cut won't tell us how you pay for, before you even start talking about deficit reduction. it's a joke to think mitt romney will actually take action to redaus the deficit. >> taxes, this week he did come out with this proposal of eliminating $17,000 in deductions. >> right. >> your response to that? >> well, you know, he left out a number of different details of that proposal but i would also say that limiting deductions to $17,000 for middle-class families still results in a tax increase. even in just the health premium deduction, for families last year, were about $15,000. there you go. what happens to the mortgage deduction, charitable deduction, child deduction. he's raising taxes on middle class families. >> if this comes up and mitt romney starts to do that math that paul ryan wouldn't do, i'm sure this will be a topic of discussion. >> how worried are you about the jobs report on friday? >> we face this ev
mitt romney, doesn't have a deficit reduction plan. he wants to spend $2 trillion more in defense, $5 trillion more in a tax cut won't tell us how you pay for, before you even start talking about deficit reduction. it's a joke to think mitt romney will actually take action to redaus the deficit. >> taxes, this week he did come out with this proposal of eliminating $17,000 in deductions. >> right. >> your response to that? >> well, you know, he left out a number of...
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. >> he was going to use that money to reduce the budget deficit. i'm putting it back into medicare and i'm the guy running for president. >> well, what a miserable time he has. all he does is defend himself against paul ryan's budget and he put the guy on the ticket. >> chris, i remember when this happened. when he put ryan on the ticket, a lot of democrats said, okay, it's over, we've got it. and i was skeptical about that when they said it, and i think a lot of us who like to hear intellectual debates about policy said, great, bring it on, let's have a big debate about the philosophy of government. down in florida they don't care about the philosophy. >> all politics is local. >> they want the program, they like the program, don't mess with the program. >> thank you, howard. thank you very much for joining us. coming up, claire mccaskill versus todd aiken. it became a good bet for democrats. let's see how it is looking now. claire mccaskill, herself, joins us next. >>> with four judges in the supreme court in their 70s, the next president could d
. >> he was going to use that money to reduce the budget deficit. i'm putting it back into medicare and i'm the guy running for president. >> well, what a miserable time he has. all he does is defend himself against paul ryan's budget and he put the guy on the ticket. >> chris, i remember when this happened. when he put ryan on the ticket, a lot of democrats said, okay, it's over, we've got it. and i was skeptical about that when they said it, and i think a lot of us who like...
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no tax cut that adds to the deficit. but i do want to reduce the burden being paid by middle income americans, and to do that, that also means i cannot reduce the burden paid by high-income americans. any language to the contrary is simply not accurate. >> mr. president. >> obama: let's talk about taxes, because i think it's instructive. now four years ago when i stood on this stage, i said that i would cut taxes for middle class families, and that's exactly what i did. we cut taxes for middle class families by about $3,600 and the reason is because i believe that we do best when the middle class is doing well and by giving them those tax cuts they had a little more money in their pocket, so maybe they can buy a new car, they are certainly in a better position to weather the extraordinary recession we were in to. they are spending more money. businesses have more customers, make more profits, and hire more workers. now governor romney's proposal calls for a $5 trillion tax cut on top of $2 trillion of additional spending
no tax cut that adds to the deficit. but i do want to reduce the burden being paid by middle income americans, and to do that, that also means i cannot reduce the burden paid by high-income americans. any language to the contrary is simply not accurate. >> mr. president. >> obama: let's talk about taxes, because i think it's instructive. now four years ago when i stood on this stage, i said that i would cut taxes for middle class families, and that's exactly what i did. we cut taxes...
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i want to turn to the deficit. mitt romney claims with these tax cuts, he will not add to the deficit. >> my number one principle is, no tax cut that adds to the deficit. i won't put in place a tax cut that adds to the deficit. part one. so there is no economists can say mitt romney's tax plan adds $5 trillion. my plan is not to put in place any tax cut that will add to the deficit. >> look at the facts here again. mitt romney has not laid out specifics for how he would pay for his tax cut. he says its by reducing deductions and closing loopholes, but hasn't said which or how many. so the verdict here is simply in complete. we just don't know, wolf. >> he also suggests repeatedly, john, that by improving the economy, there would be a dynamic scoring as they call it more revenue coming in, because more money would be coming into the taxes, businesses and individuals could be doing better. as a result, he's justifying the trillion dollar tax cut if you will. >> hence the grade incomplete. >> he hasn't offered a lot o
i want to turn to the deficit. mitt romney claims with these tax cuts, he will not add to the deficit. >> my number one principle is, no tax cut that adds to the deficit. i won't put in place a tax cut that adds to the deficit. part one. so there is no economists can say mitt romney's tax plan adds $5 trillion. my plan is not to put in place any tax cut that will add to the deficit. >> look at the facts here again. mitt romney has not laid out specifics for how he would pay for his...
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not just from a foreign policy standpoint, one of the reasons that we have huge deficits is that we have these unpaid wars. the voters also view these foreign issues through a prism of the economy. >> david plouffe, thank you very much. >>> we'll be right back with our powerhouse roundtable in just 60 seconds. it's something you're born with. and inspires the things you choose to do. you do what you do... because it matters. at hp we don't just believe in the power of technology. we believe in the power of people when technology works for you. to dream. to create. to work. if you're going to do something. make it matter. >>> quick change there. george will is off today. but we're joined by donna brazile on the roundtable. matthew dowd. maggie haberman of politico. two former party chairman. former vermont governor, howard dean for the democrats. and former governor haley barbour for the republicans. matthew dowd, let me begin with you, and setting the stage where the race is right now, we see president obama ahead by about five points nationally, right now, ahead in all of the battlegrou
not just from a foreign policy standpoint, one of the reasons that we have huge deficits is that we have these unpaid wars. the voters also view these foreign issues through a prism of the economy. >> david plouffe, thank you very much. >>> we'll be right back with our powerhouse roundtable in just 60 seconds. it's something you're born with. and inspires the things you choose to do. you do what you do... because it matters. at hp we don't just believe in the power of technology....
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let me talk about what i would cut in order to grapple with our deficit and our debt. i'd end the war, i've worked to end the war in afghanistan which costs us $ billion a week. i would get rid of the sweetheart deal tommy thompson negotiated as head of medicare that makes it illegal for drug companies to bargain with -- medicare to bargain with drug companies for better prices for seniors that one costs us $15 billion per year. i'd get rid of corporate welfare for big corporate farms and big oil. i'd also let the bush tax cuts for the top % expire. i also want to look at the record contrast. i already told you about the policies that tommy thompson supported that added over $3.5 trillion to the debt when president bush was in office. i opposed those irresponsible plans that added to our debt. so now in the future, tommy thompson supports a plan that adds trillions more in tax cuts for the very wealthy and raises taxes on the middle class. that's the wrong scription for tackling our -- prescription for tackling our debt. >> our next question, from robert kennedy, direc
let me talk about what i would cut in order to grapple with our deficit and our debt. i'd end the war, i've worked to end the war in afghanistan which costs us $ billion a week. i would get rid of the sweetheart deal tommy thompson negotiated as head of medicare that makes it illegal for drug companies to bargain with -- medicare to bargain with drug companies for better prices for seniors that one costs us $15 billion per year. i'd get rid of corporate welfare for big corporate farms and big...